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Jun 24, 2016 10:02 EST

Peru: A portion of Velasco Astete Group’s $3,550 loan helps a member to purchase perfumes, creams, and more.

iCrowdNewswire - Jun 24, 2016

Velasco Astete Group

 

 

CUSCO, Peru / Personal Products Sales

 

 

 

Borrower image

 

 

Velasco Astete Group’s story

The borrower, Jesús Evelyn, belongs to the VELASCO ASTETE communal bank.

The borrower is 53 years old, has 3 children, and is married. The borrower alternates her daily activities with working at her business selling beauty products such as colognes, creams, perfumes, and more, for her customers who ask her for them. The borrower is a responsible person who hopes, through her business, to be able to continue supporting her family. The borrower is grateful for the granted loan and promises to make the established payments. The borrower has had her business for a good while, which brings personal satisfaction, being in this way that she gets her family ahead.

The borrower asks for the loan to purchase perfumes, creams, and more.

This institution has another line of loans which is called Credi Yapa, this line of credit is granted to the most punctual banks.

The borrower who is in the attached photo asked permission to arrive late to the meeting due to work reasons.

In this group: Jesus Evelyn, Irma Yolanda, Edith Giovana, Margarita, Delfin Ignacio, Elsa Zenovia, Ursula Cecilia, Shelly Jamilett, Silvia Roxana
*not pictured

 

 

 

 

Translated from Spanish by Kiva volunteer Wendy Harris View original language description

 

This loan is special because:

It uses a group-lending method to reach low-income borrowers.
 

 

Kate
Kiva staff

 

More about this loan

 

About Asociación Arariwa:

About Asociación Arariwa Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).

 

 

A portion of Velasco Astete Group’s $3,550 loan helps a member to purchase perfumes, creams, and more.

 

 

 

Contact Information:

Velasco Astete Group

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